Carson Electronics earned $ 2 4 million in net income last year and for the first time ever paid its common stockholders a cash dividend of $ 0 02 per share The firm has 10 million shareholders What was Carsons dividend payout ratio ...

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Carson Electronics earned $ 2.4 million in net income last year and for the first time ever

Question:

Carson Electronics earned $ 2.4 million in net income last year and for the first time ever paid its common stockholders a cash of $ 0.02 per share. The firm has 10 million shareholders. What was Carson’s payout ratio?
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...